Re: [CANSLIM] Trailing Stops

From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Trailing Stops
Date: Thu, 19 Jun 2003 07:34:41 -0600

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Does ATR =3D Average Trading Range?  If so, I do consider historical =
weekly trading ranges in setting my trailing stops, but I haven't =
quantified it like you mention.  For instance, if a stock is at $20, =
then a 15% trailing stop would be $17.  But if the stock has a history =
of $4 weekly swings (fun ride!) and I really want to try to hang on to =
it, and the market is good, I'd set a stop somewhere below $16.  I've =
only recently been using this method and it seems to help keep me in for =
better gains.

 Rolf
  ----- Original Message -----=20
  From: jmp23834=20


  Does anyone use a trailing stop based on ATR? I am currently using 3 =
times the 5 day ATR and wonder if this is too loose or too tight for =
CANSLIM stocks.

  JP

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<DIV><FONT face=3DArial size=3D2>Does ATR =3D Average Trading =
Range?&nbsp; If so, I do=20
consider&nbsp;historical weekly trading ranges in setting my trailing =
stops, but=20
I haven't quantified it like you mention.&nbsp; For instance, if a stock =
is at=20
$20,&nbsp;then a 15% trailing stop would be $17.&nbsp; But if the stock =
has a=20
history of $4 weekly swings (fun ride!) and I really want to try to hang =
on to=20
it, and the market is good, I'd set a stop somewhere below $16.&nbsp; =
I've only=20
recently been using this method and it seems to help keep me in for =
better=20
gains.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial size=3D2>&nbsp;Rolf</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Djmp23834@yahoo.com =
href=3D"mailto:jmp23834@yahoo.com">jmp23834</A>=20
  </DIV>
  <DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial =
size=3D2></FONT><FONT=20
  face=3DArial size=3D2></FONT><FONT face=3DArial size=3D2></FONT><FONT =
face=3DArial=20
  size=3D2></FONT><BR></DIV>
  <DIV><FONT face=3DArial size=3D2>Does anyone use a trailing stop based =
on ATR? I=20
  am currently using 3 times the 5 day ATR and wonder if this is too =
loose or=20
  too tight for CANSLIM stocks.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial =
size=3D2>JP</FONT></DIV></BLOCKQUOTE></BODY></HTML>

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